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The following data were accumulated for use in reconciling the bank account of Spectrum Co. for July: a. Cash balance according to the company's records

The following data were accumulated for use in reconciling the bank account of Spectrum Co. for July: a. Cash balance according to the company's records at July 31, $8,346.50. b. Cash balance according to the bank statement July 31, $9,066.35. c. Checks outstanding $3,175.25. d. Deposit in transit, not recorded by bank, $2,615.40. e. A check for $240 in payment of an account was erroneously recorded in the check register at $420. f. Bank debit memorandum for service charges, $20.00. Prepare bank reconciliation, using the format included

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